Oregon Cannabis Business Loans

Bespoke Financial helps address the funding needs for Cannabis businesses in Oregon with financing services specifically tailored to their needs. Grow your business in Oregon with Cannabis business loans from Bespoke Financial.


Ready to get started with your Oregon cannabis business loan? We’ve made it easy to apply, and you’ll receive an answer within 7 days.


How do I get licensed for a cannabis business in Oregon?
Number one

How do I get licensed for a cannabis business in Oregon?

In order to participate in the cannabis industry in Oregon, you’ll not only need financing, you’ll also need a license. Oregon offers seven different types of licenses for cannabis-related businesses through the Oregon Liquor Control Commission, including:

  • Producer/grower
  • Processor
  • Wholesaler
  • Retail
  • Laboratory
  • Certificate for Research
  • Hemp Certificate

In order to apply for a license, you must be 21 years of age or older. Licensing fees vary depending on the type of license you are applying for but range between 1,000 dollars and 5,750 dollars. You don’t have to be a resident of the state of Oregon to apply, as long as your business will be operated in Oregon. Make sure to check the local regulations on cannabis, as counties are able to opt-out of legalization and become “dry counties” which prohibit growth, sale, and use of cannabis. Licenses are not granted to businesses that make cannabis products for pets, and licenses will not be approved prior to securing a building, appropriate security, and other measures. In order to get all of those things in place, you’re going to need financing.

number two

Can I borrow from a bank in Oregon?

In a word – no. But you can obtain a loan from Bespoke Financial.

See, the tricky thing about the cannabis industry is that no matter how legal sale of the substance may be on a state or local level, it’s still illegal on a federal level. Traditional financial institutions, like banks and credit unions, are regulated by the federal government which views transactions connected to cannabis as illegal activity regardless of the state in which the transaction takes place. This regulation doesn’t just extend to transactions, either. It means that a loan used to purchase real estate, equipment, or anything else related to a cannabis business is considered money laundering. What does that mean for you? It means that traditional financial institutions probably are not going to come near your business when it comes to lending or banking. Because all banks are subject to a regulation called the Bank Secrecy Act that requires banks to flag transactions of 5,000 dollars or more that may be associated with illegal activity, business owners are facing an uphill battle when it comes to finding financing.  The lack of readily available financing is one of the major obstacles facing cannabis business owners.  

Can I borrow from a bank in Oregon?
How can I obtain financing for my cannabis business in Oregon?
Number three

How can I obtain financing for my cannabis business in Oregon?

You may have heard rumors about credit unions in Oregon that are willing to work with cannabis businesses. That’s true – credit unions do exist that offer banking services for cannabis businesses – but these institutions do not offer loans or other financing options. Recognizing a major gap in the market, a variety of businesses have sprung up around providing financing for cannabis-related businesses, namely, Bespoke Financial.

number four

What should I watch out for when it comes to financing in Oregon?

Because cannabis businesses don’t have a lot of options when it comes to obtaining financing, many predatory lenders have unfortunately seized on the opportunity. Some cannabis business owners report being charged interest rates of 40 to 50 percent on their loans, while others regularly receive emails attempting to persuade them that the company will allow the business to utilize credit card sales. 

This is the exact opposite experience from what you will experience with Bespoke Financial.

To get the best rate for your cannabis business loan in Oregon, make sure to have all of the appropriate documentation prepared prior to applying for a loan from Bespoke, including your financial records (balance sheets, income statements, and bank statements), your credit risk profile, and capital needs.

What should I watch out for when it comes to financing in Oregon?
What do I need to know about running my business in Oregon?
Number five

What do I need to know about running my business in Oregon?

One thing that may surprise you about becoming involved in the cannabis business is that your customers will not be able to use credit or debit cards to pay for your products. Remember all that talk about the Bank Secrecy Act and the other regulations facing financial institutions? It means that not only can they not loan you money, they can’t process any transactions related to cannabis products or ancillary services. Your customers will need to pay in cash or use one of the other emerging options, such as paying through phone apps designed for this purpose. Because you’ll be operating a cash business, you’ll need to have a safe way to transport and store your cash – remember, you most likely will not be able to take it to a regular bank – and pay your taxes.

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